Sale of the Fund Shares. 1.1 BRIL hereby appoints the Company as its agent for the limited purpose of accepting orders for an Account, and the Company hereby accepts such appointment. The Company shall have no authority to act as agent for the Fund, the Underwriter or BAL (collectively, “Fund Parties”) for any other purpose. The Company may delegate any or all of its obligations hereunder to any affiliate of the Company subject to the Company determining that each such affiliate is capable of performing the obligations and the Company taking such measures as may be necessary to ensure that such affiliate performs the obligations in accordance with the terms of this Agreement. To the extent the Company wishes to delegate any or all of its obligations hereunder to any third party that is not an affiliate of the Company, the Company may do so only after receiving the written permission of BRIL. In either case, the Company shall be responsible for any conduct (including inaction) of such delegate in connection with this Agreement to the same extent as if such conduct (including inaction) were that of the Company.
Appears in 8 contracts
Samples: Fund Participation Agreement (State Farm Life & Accident Assur Co Var Life Sep Acct), Fund Participation Agreement (State Farm Life Insurance Co Variable Annuity Separate Act), Fund Participation Agreement (State Farm Life & Accident Ass Co Var Ann Sep Acct)
